JUST CLOSED FIRST DEAL - NEED TAX AND GENERAL ADVICE

[Kevin E.]

I just closed on a land deal that i held for only about 6 months.  I have already received the funds and have no other deals going on.  I am looking.  

Here are the details.  i bought the land at auction for $19k and paid the taxes before the end of they year.  so i would say i had roughly $20,200 in this property after closing and the taxes.  i just sold it for $40k and after commission and fees I brought home $36,900.  

My questions are:

Can I write off the $20,200 i spent purchasing the land on this years taxes? 

Can I write off anything else?  

What about next year, when i get the 1099 for this land sale.  Will it be for the full $36,900? what can i write off?

Also i should mention i have a real estate license. I dont sell but i do pay fees for MLS and use it to look at potential deals as well. I work full time in a non real estate field. Can someone give me some pointers or recommend a good CPA in my area?

Thanks